Oregon Public Employees Retirement Fund Sells 4,422 Shares of ExxonMobil Corporation $XOM

Oregon Public Employees Retirement Fund decreased its holdings in ExxonMobil Corporation (NYSE:XOM) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 478,500 shares of the oil and gas company’s stock after selling 4,422 shares during the quarter. ExxonMobil accounts for approximately 1.1% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 14th biggest position. Oregon Public Employees Retirement Fund’s holdings in ExxonMobil were worth $81,182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Portus Wealth Advisors LLC purchased a new position in shares of ExxonMobil during the first quarter valued at approximately $36,000. Berbice Capital Management LLC purchased a new stake in ExxonMobil in the fourth quarter worth approximately $26,000. Midwest Capital Advisors LLC purchased a new stake in ExxonMobil in the fourth quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. grew its position in ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the period. Finally, Key Capital Management INC bought a new stake in ExxonMobil in the 4th quarter worth approximately $28,000. Institutional investors own 61.80% of the company’s stock.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil said it is expanding in Nigeria with a $1 billion Usan Infill Project, which is expected to restore drilling activity there and add about 40,000 barrels per day within 18 months. Article Title
• Positive Sentiment: Analysts say strong commodity tailwinds, including higher crude prices and margin gains, could lift XOM’s second-quarter results and support near-term earnings strength. Article Title
• Positive Sentiment: Oil-market commentary suggests major U.S. producers, including ExxonMobil, could benefit financially from geopolitical disruption and higher crude prices, without needing to materially increase drilling right away. Article Title
• Neutral Sentiment: Some market coverage says XOM’s valuation looks reasonable on earnings, but the stock may be stretched after a large multi-year run, which could limit upside if expectations get too high. Article Title
• Negative Sentiment: Mizuho lowered its price target on ExxonMobil to $170 and kept a neutral stance, signaling less aggressive upside expectations from one Wall Street firm. Article Title
• Negative Sentiment: Recent trading commentary noted XOM underperformed the broader market in a down session, reflecting investor caution around energy stocks when crude prices soften. Article Title

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on XOM shares. Barclays increased their price target on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. HSBC raised their target price on ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research report on Friday, March 20th. Finally, Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.45.

ExxonMobil Trading Down 0.0%

NYSE:XOM opened at $138.84 on Monday. ExxonMobil Corporation has a one year low of $105.53 and a one year high of $176.41. The business has a fifty day moving average price of $146.22 and a 200-day moving average price of $145.57. The firm has a market capitalization of $575.47 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 0.56 and a beta of 0.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same period in the previous year, the business earned $1.76 earnings per share. ExxonMobil’s quarterly revenue was up 2.4% compared to the same quarter last year. Sell-side analysts forecast that ExxonMobil Corporation will post 11.69 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.